Web3 Tech Brief By HackerNoon

Crypto Crackdown Ends: Nigeria's New Policy Unlocks Web3 Innovation


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This story was originally published on HackerNoon at: https://hackernoon.com/crypto-crackdown-ends-nigerias-new-policy-unlocks-web3-innovation.


Barely a month ago, the Central Bank of Nigeria (CBN) issued a circular that ended a two-year crackdown on cryptocurrency within the country’s banking sector
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The Central Bank of Nigeria(CBN) issued a circular ending a two-year crackdown on cryptocurrency within the country’s banking sector. In 2023, [Binance] ranked Nigeria as the 7th country with the highest number of crypto holders in the world boasting a large trading database. In a groundbreaking move, Nigeria's Securities And Exchange Commission (SEC) is going to launch the Digital Securities Platform.

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